The consumer price index increased 0.1% on a seasonally adjusted basis in March, in line with economists estimates, as year-over-year core inflation was the lowest in six years, the Labor Department reported yesterday.
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Core prices, excluding food and energy costs, were unchanged in March following an unrevised 0.1% core increase in February. For the year ending in March, core prices increased 1.1%, the smallest increase since January 2004.
Economists expected headline and core CPI to each increase 0.1%, according estimates.
